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JOFC INDEX MATCHES YEAR HIGH, POINTING TO CONTINUED INFLATION
Howard Simon |
The Journal of Commerce Industrial Price Index, a leading indicator of inflation, equaled the year's
MARITIME BRIEFS
From Wire and Staff Reports |
MAERSK LINE STARTS NEW CONTAINERIZED RUNMADISON, N.J. - Maersk Line said it is starting a fu
Maritime
BALTIC FREIGHT INDEX
Journal of Commerce |
No text.
Maritime
CREDIT SUISSE POSTS 53 PERCENT GAIN IN PROFIT
Reuters |
Credit Suisse reported a 53 percent jump in 1993 group after-tax profits Friday, to 1.46 billion Swi
SHIPPER DISSATISFACTION GROWS IN LATIN SERVICE, EXECUTIVE SAYS
Craig Dunlap |
Rate-setting shipping conferences are growing stronger in the trade routes between the United States
Maritime
RATINGS FIRMS: SURPLUS NOTES AREN'T A RELIABLE MEASURE
Margo D. Beller |
Rating agencies including Moody's Investors Service and Standard & Poor's are warning that surplus n
SALES SOAR AS LPG CATCHES ON IN CHINA
Jacqueline Wong |
Chinese imports of liquefied petroleum gas (LPG) have surged in the last five months and suppliers a
OHIO STORM CLAIMS TOTAL $40 MILLION
Associated Press |
Winter storms during the first two months of 1994 resulted in about $40 million of insurance claims
SEA-LAND TO CHARTER 3 VESSELS FOR CENTRAL AMERICA SERVICE
Journal of Commerce Staff |
A chartering agent representing Sea-Land Service Inc. said Friday the carrier will charter three ves
SWISSAIR, ILFC SIGN $350 MILLION LEASE DEAL
Journal of Commerce Staff |
International Lease Finance Corp. (ILFC) and Swissair announced last week that they have signed a $3
Transport, Trade and Regulation News
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Mar. 4, 1994 No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley
TRADE BRIEFS
Wire and Staff Reports |
JAPAN TO LET BIG BANKS ADD SECURITIES ARMSTOKYO - Japan's Ministry of Finance unveil
Maritime
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of Mar. 3, 1994 Quotations are based on prices reported in the market or obtained from su
BALTIC FREIGHT INDEX
JOC Staff |
1112 (Mar. 3, 1994) Previous day - 1115 The Baltic International Freight Futures Market in L
Maritime
AMSOUTH BANK NA
Kenneth Wolf |
Banks brag about how far out of their way they will go for their customers. Having personally led th
Maritime
MEXICAN AGENCY REJECTS PORK DUMPING PETITION
Kevin G. Hall |
Mexico's commerce agency rejected a petition from Mexican pork producers to launch an anti-dumping i
Maritime
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York and other sources, are selling r
SEA LAW - PETER D. CLARK APPEALS COURT CLARIFIES STATUS OF MARITIME LIENS
Peter D. Clark |
A maritime lien is a unique security device recognized only in admiralty law. It creates anon-posses
Maritime
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - Mar. 3, 1994 Prev. Life of Contr. OpenOpen High Low
DOW INKS COMPUTER PACT WITH CRAY
JOC Staff |
Dow Chemical Co., Midland, Mich., will collaborate with Cray Research Inc. over the next three years
ALUMINUM TRADERS DOUBT RUSSIA'S COMMITMENTS
Roberta C. Yafie |
Despite a liberal sprinkling of optimism about the prospects for global aluminum supply-demand balan
INSURANCE BRIEFS
From Wire and Staff Reports |
TRAVELERS STOCK GETS 'A2' MOODY'S RATINGMoody's Investors Service assigned an "A2" preferred
US REPRISALS AGAINST FRANCE COULD COME BY NEXT WEEK
Richard Lawrence |
The United States will retaliate against France by early next week if it continues to detain fish at
MARITIME BRIEFS
From Wire and Staff Reports |
SURCHARGE TO BE CUT IN JAPANESE TRADETOKYO - The yen appreciation surcharge for ship
Maritime
US COAL FIRMS HIT STALEMATE IN NEGOTIATIONS WITH JAPANESE
Arthur Gottschalk |
Contract talks between U.S. coal producers and Japanese steelmakers have stalled over prices, with t
ICC MAY FACE NEW THREAT OF ELIMINATION
Stephanie Nall |
The head of the Interstate Commerce Commission was put on notice this week by two House members to b
TOKYO ASKS NORTHWEST TO CONDUCT SAFETY REVIEW
Reuters |
Japan's Transport Ministry took the unusual step Thursday of asking Northwest Airlines to review its
CORRECTION
JOC Staff |
The report headlined "Non-Union Truckers" Flexibility Attracts N. American Shippers," which appeared
MORRISON KNUDSEN PLANS TO SELL STOCK IN LOCOMOTIVE-MANUFACTURING BUSINESS
Lawrence H Kaufman |
Morrison Knudsen Corp. plans to sell 42 percent of its locomotive business to the public in an initi
ACCORD MAY BRING PEACE IN MEXICO'S CHIAPAS STATE
Kevin G. Hall |
Leaders of the Zapatista National Liberation Army have headed back to jungle command centers in Mexi
Maritime
EUROPE-ASIA BOXSHIP OPERATORS, STUNG BY RECENT RATE CUTS, EYE AN INCREASE
Mark Magnier |
Containership operators on the westbound Europe-Asia trade lanes hope for a rate increase on July 1
Maritime
RUSSIA CUTS OFF GAS TO UKRAINE, BELARUS
Brian Killen |
Russia started cutting off gas to its cash-strapped neighbors Ukraine and Belarus Thursday because t
REVISED NY CONTRACT WON'T AFFECT OTHER DEALS, HYDRO-CANADA SAYS
Knight-Ridder Financial |
Canada's Hydro-Quebec expects no impact on the developments of various hydropower projects despite r
SPOT COMMODITIES
JOC Staff |
Mar. 3, 1994 Included are list prices of suppliers. Quotations do not necessarily represent
CORRECTIONS
JOC Staff |
A story on Page 7A Thursday, "Agents Blast ICC Decision On Unlicensed Cargo Insurers," should have s
RESEARCH GROUP NAMES OFFICER
Journal of Commerce Staff |
The executive board of the Society of Insurance Research named H. Peter Stolz as vice president for
ARGENTINA BIDS TO REBUILD SHIPPING INDUSTRY, REGISTRY
Paula L. Green |
Argentina is pushing ahead with plans to revive a stagnate shipping industry and encourage shipowner
Maritime
BUYING SURGE PUSHES UP KEROSENE, FUEL PREMIUMS
Knight-Ridder Financial |
Jet fuel and kerosene premiums rose between 25 and 40 cents a barrel over Singapore spot prices Thur
OPEC OIL PRODUCTION ROSE IN FEBRUARY, SURVEY SHOWS
Knight-Ridder Financial |
OPEC countries pushed up oil production by 533,000 barrels a day in February to 25.1 million b/d, ma
NEW NJ CUSTOMS STATION SAYS IT WON'T DISCRIMINATE
Alan Abrams |
Pete Caparell is tired of the accusations that his company will get special treatment when it soon b
Maritime
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